Dominica Citizenship as a Wise Investment for Global Access

Travel, more business opportunities, and better living conditions attract wealthy people. Migration to a country member of international organizations allows you to get what you want. However, this path takes a lot of time, as the conditions require you to reside in the country for several years. There is still an alternative option. Programs for migrants are widespread as they are a way to get foreign capital and improve the economy. For example, it is easier to obtain Dominica citizenship and keep the first passport. The government introduced a special program for entrepreneurs back in 1993.

Key Features of Dominica CBI Program

At this point, the government knows how to attract foreign capital. It is not enough to create a program. Investors are interested in the offer because Dominica CBI has many features. It is not difficult to assess the prospects of citizenship, as they are represented by the following:

• A low investment threshold allows you to obtain citizenship status in a short time
• The country is located in the Caribbean, so there are suitable conditions for living and developing the tourism business
• The offer is available to large families, as the government has set a loyal cost of participation in the program.

Consultations with an Immigrant Invest Zlata Erlach expert will help determine the option that meets the applicant's requirements. It is worth sharing your idea of the future you would like to come to.

Investment Options for Dominica Citizenship

The attractiveness of the offer for migration is explained by the options offered. The country has created the best conditions for interested foreigners, although the list of options consists of only two. A brief description of each of them will help you choose the best way to enter the international market:

1. Contribution to the state fund. The first thing that needs attention is the lack of possibility of returning the capital. However, this option has advantages. Participation costs 100 thousand dollars for a single person, 150 thousand for a family, and 175 thousand for a large family.

2. Purchase of real estate. The minimum cost is 200 thousand. The migrant can sell the property after 5 years of use. The option of selling real estate is considered after 3 years, but the buyer cannot use the purchase to participate in the program.

The pleasant price of a second passport for an investor is complemented by a large list of benefits. An extensive list of benefits complements the pleasant price of a second passport for an investor. It is difficult to determine which are essential, mandatory, and additional. The following expert opinions will help you form your own opinion on the attractiveness of dual citizenship in Dominica.

Consult: Top Immigration Lawyers in India

Benefits of Dominica Citizenship for Global Mobility

Assessing the option of migration to Dominica will not cause any problems. Participants who have received permission for permanent residence on the island enjoy the rights and privileges of the local population. The list of benefits of participation includes:

1. Free travel. The borders of 145 countries are open to passport holders. There is no need to apply for a visa.

2. Tax optimization. The new tax system exempts migrants from double taxation. In addition, dividends, income gains, gifts, royalties, and other income do not require payment.

3. Fast process. The paperwork takes up to six months, so there is no need to postpone the move.

4. Visa for the United States. Entrepreneurs who have received a passport undergo a simplified travel procedure to the United States. B-1 and B-2 visas allow you to travel for 10 years and, if necessary, apply for citizenship.

5. Option B for capital preservation. The tax system is changing, so residents are taking advantage of the opportunity. Citizenship of Dominica will allow you to reduce the amount of tax on a legal basis.

This list includes always open borders for citizens, special living conditions, and lifetime citizenship. You can add close relatives to the application and help them with the move.

Step-by-Step Application Process and Requirements

A preliminary check is the first step toward participation in the program. It helps identify problem areas and create an alternative path to second citizenship. After the results are announced, the investor's documents are prepared to speed up the application process. You can transfer the package and move on to the next stage remotely. Accredited agents who are included in the list of reliable intermediaries provide these services. Subsequently, the consulate's department verifies the investor and the attached applicants. The results of this stage are reported to the agency. Preliminary approval allows you to proceed to active actions. The foreigner fulfills the obligations and contributes capital in the chosen way. Afterward, the government approves the citizenship application and sends instructions for obtaining a Dominica passport by investment.

Conclusion

The advantages of the second passport are apparent, so there is no need to stimulate foreign investors. Creating a profitable program allowed us to receive more than 5 thousand applications and maintain demand for 30 years. Today, it is essential to consider this opportunity, as the closure of borders does not seem impossible. The list of visa-free countries for Dominica passport holders will help you decide. Check it out to confirm your opinion on open travel to any part of the world. Consultations with a specialist allow you to establish a sequence of actions and implement your plan.

Advocate Chikirsha Mohanty

4.0 | 2+ user ratings Greater Kailash - 1, Delhi
5 years

GET LEGAL HELP

GET LEGAL HELP

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

TALK TO A LAWYER